Start- Ups
Esports fan engagement startup STAN raises $2.5 mn in seed funding
The round was led by venture capital firm General Catalyst, alongside other VCs including Better Capital and Eximius Ventures
 "Esports fan engagement startup STAN raises $2.5 mn in seed funding")
PM calls upon spiritual centres to inspire startups, Make in India drives
Prime Minister Narendra Modi on Sunday said that spiritual centers can become centers of inspiration for startups and Make in India initiatives in the country
 "PM calls upon spiritual centres to inspire startups, Make in India drives")
Cars24 to Vedantu, start-up lay-offs accelerate on capital crunch worries
Falling valuations, slowing funding rounds add to woes; move aimed at conserving cash and shore up profitability
 "Cars24 to Vedantu, start-up lay-offs accelerate on capital crunch worries")
All the world's a stage for unicorns
In 2021, when the buzz is around start-ups going for IPOs and celebration of Indian entrepreneurship, it's also time to acknowledge the role of global players in the journey to stardom
Byju's in talks to raise up to $700 mn, valuation may cross $15 bn
The funding is expected to help Byju's to fund its acquisitions, including the up to $700 million deal to buy Aakash Educational Services, according to sources
 "Byju's in talks to raise up to $700 mn, valuation may cross $15 bn")
'My mission is to bridge skilling gap in workforce,' says Eruditus CEO
The start-up, which closed $650 million funding at $3.2 billion valuation from Softbank and Accel, operates in the re-skilling space
 "'My mission is to bridge skilling gap in workforce,' says Eruditus CEO")
Zipaworld plans to raise over Rs 3.8 crore in early-stage funding round
The startup plans to harness the funds to mobilise and accelerate AI and ML-based logistics and supply chain services
Salary hikes at companies inching closer to pre-Covid levels: Report
E-commerce and tech start-ups, healthcare, and allied industries plan salary hikes of more than 10 per cent.
 "Salary hikes at companies inching closer to pre-Covid levels: Report")
HR tech startup Hono raises over Rs 38 cr in funding led by Aakash Chaudhry
Hono is looking to leverage the fresh corpus of funds to expand operations across India, the Middle East, and Southeast Asia, increase market footprint and strengthen its product offering
 "HR tech startup Hono raises over Rs 38 cr in funding led by Aakash Chaudhry")
Edtech firm iNurture raises $15 mn from ADM Capital in debt and equity
Currently, the company has partnerships with over 30 university campuses across India, offering over 50 programmes on campus, and has more than 15,000 students enrolled in these programmes.
 "Edtech firm iNurture raises $15 mn from ADM Capital in debt and equity")
Our expectation is that investors buy into our simple story: Delhivery ED
Delhivery's Executive Director Sandeep Barasia explains to Surajeet Das Gupta the reason the firm is launching its initial public offering (IPO), which opens on Wednesday
 "Our expectation is that investors buy into our simple story: Delhivery ED")
Reduce slavery to foreign goods, be vocal for local, urges PM Modi
Today the country is encouraging talent, trade and technology as much as possible. Today the country is registering dozens of start-ups every day, creating a unicorn every week, PM Modi said
 "Reduce slavery to foreign goods, be vocal for local, urges PM Modi")
JPIN launches funds worth $150 mn to promote startups in India, worldwide
The company's investment plans aim to connect start-ups and small businesses worldwide to encourage innovation.
 "JPIN launches funds worth $150 mn to promote startups in India, worldwide")
Redcliffe Lifetech raises $61 mn for expansion; LeapFrog Investments leads
The funding to Redcliffe Lifetech would help the diagnostic platforms to expand access to affordable, high-quality diagnostic tests across India, especially in tier 2, 3, and 4 cities
 "Redcliffe Lifetech raises $61 mn for expansion; LeapFrog Investments leads")
Ashneer Grover says he'll start his own venture without investors
"I wish to start my own venture with my own money and make it profitable," he said during the recently-held TiECon-2022 start-up and entrepreneurial event in Chandigarh
 "Ashneer Grover says he'll start his own venture without investors")
Startup firms let Indian retail investors buy corporate debt at $130
The new start ups are seeking to reassure investors they are doing all they can to protect their clients
 "Startup firms let Indian retail investors buy corporate debt at $130")
India's small towns hotbeds of entrepreneurship: OYO chief Ritesh Agarwal
"The new young India that is building their businesses, is aspiring to build sizable world champions in the consumer segments that they operate," Agarwal said
 "India's small towns hotbeds of entrepreneurship: OYO chief Ritesh Agarwal")
Startup TeaMonk raises about Rs 4 cr from investors to expand business
The funds raised in a pre-series A round will be utilized for domestic penetration and exploring uncharted territories in international markets, the company said in a statement
 "Startup TeaMonk raises about Rs 4 cr from investors to expand business")
School fees-focused fintech app Zenda raises $9.4 mn in seed round
Using Zenda, families can track dues and make payments through a multitude of pay-now and pay-later options, and unlock rewards for paying on time
 "School fees-focused fintech app Zenda raises $9.4 mn in seed round")
Mumbai-based start-up plans to set up fuel stations in outer space
Orbit Fab, a US-based company, has also unveiled plans to launch re-fuelling services for satellites and aims to set up fuel depots in low earth and geostationary orbits
 "Mumbai-based start-up plans to set up fuel stations in outer space")
